Inflation is cooling The Fed is slowing / reducing “Rate Hikes” All data is pointing to a US economic recession Why is now a good time to buy? As the economy continues to shift towards the recession, how the cooling economy will impact real estate is hyper local. Why hyper local? Because of the […]
Seattle Mortgage Reel Breaking News: U.S. Treasury is stating that the debt ceiling of $13.3 trillion will be reached no later than May 16, 2011. This has pressured rates higher for a mid-day price change. Rates will be more volatile to news like this because of the lack of other economic data and auctions this […]
NO big reaction, holding gains from yesterday. This is good for mortgage rates. Even though the auction was not shocking overall it was what was expected. Focus is turning to Egypt, Mubarak stepping down, more importantly who will take over. WHY? OIL
Breaking News. 10 year auctions receive an A+ rating. Mortgage Rates get the bonce that we needed and improve. Much needed support.
For the housing market, it’s the equivalent of financial alchemy, and it’s hot: Turning the $8,000 federal home-purchase tax credit, which normally isn’t spendable until after you’ve gotten your refund, into immediate, hard cash today, available for your down payment and closing costs.
